Student a Read the Text and Visualized How to Make

question 10

Multiple Choice

Student A read the text and visualized how to make a bed.Student B went to the practice lab and practiced making a bed.Assuming each was using their preferred learning style,which statement is true about who will most likely pass the skill evaluation of bed-making?

• A) Student A will pass.
• B) Student B will pass.
• C) Students A and B are equally likely to pass.
• D) Neither student A nor B will pass.

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Definitions:

LIFO

Last-In, First-Out, an inventory valuation method where the most recently acquired items are recorded as sold first.

Retail Inventory Method

An accounting method used to estimate inventory cost for retail businesses by applying a constant gross margin percentage.

Gross Profit Ratio

A financial metric that measures a company's gross profit as a percentage of its revenues, indicating efficiency in using labor and supplies.

Net Realizable Value

The estimated selling price of an item in the ordinary course of business minus any cost associated with the sale or disposal of the item.